Latest Blockchain News: Finextra Research

Company update/payments

Kinesis to launch bullion-backed, blockchain-based currency in Indonesia

Kinesis Money – creators of a robust blockchain-based currency the value of which is tied 1:1 to underlying physical gold and silver holdings – has achieved a major step forward in its vision to offer a superior alternative to mainstream central bank-mediated fiat monetary system.

24 July 2019

Company update/Blockchain

BaFin greenlights $250 million Fundament real estate token launch

Fundament Group, the Germany-based end-to-end security issuance solution for asset tokenization, has received approval from the German Financial Market Supervisory Authority (BaFin) to distribute the country’s first blockchain-based real estate bond.

23 July 2019

News/Blockchain

Ping An's OneConnect and UnionBank to bring blockchain-based financing to SMEs

Ping An's OneConnect has partnered with UBX, the wholly-owned fintech subsidiary of Union Bank of the Philippines, to build the country's first blockchain-enabled platform to meet the banking needs of micro, small and medium enterprises

22 July 2019

Company update/Blockchain

R3 names Cathy Minter as chief revenue officer

R3, the enterprise blockchain software firm, has today announced the appointment of Cathy Minter as Chief Revenue Officer (CRO).

19 July 2019

News/Blockchain

As blockchain hype subsides, banks count the cost of early euphoria

Banks and technology companies have poured billions of dollars into blockchain projects, but as the hype dies down, many of the early evangelists for the technology have come to the conclusion that production-ready deployment still remains a distant goal.

19 July 2019

Company update/Blockchain

Barclays' Brooke Navarro joins Overstock blockchain subsidiary tZero

tZERO, the global leader in blockchain innovation for capital markets, today announced several new appointments to enable its management team to drive further its growth plans, brand and market positioning and business objectives.

17 July 2019

Company update/Blockchain

PayPal-backed alliance for blockchain-based digital IDs begins beta testing

LuxTrust S.A., a leading Digital Trust Services Provider in Luxembourg, and Cambridge Blockchain Inc., a pioneer in digital identity enterprise Software, announced the private beta-testing phase for privacy-protecting European identity platform IDKEEP.

17 July 2019

News/payments

Cash under threat from tech giant-run e-money - IMF paper

Cash and bank deposits face tough competition from, and could even be surpassed by, e-money provided by the likes of Alipay and Facebook, says a new International Monetary Fund (IMF) paper.

17 July 2019

News/Blockchain

Facebook seeks to placate lawmakers over Libra but Mnuchin raises "serious concerns"

Facebook's Libra chief is bidding to sooth lawmakers' concerns over the digital currency, promising that it won't be launched until it has received regulatory approvals and that it will not compete with sovereign currencies o enter the monetary policy arena. The charm offensive comes as Treasury Secretary Steve Mnuchin expresses "very serious concerns" that Libra could be misused by terrorists.

15 July 2019

News/Blockchain

South Korean banks join Samsung and telcos in blockchain ID project

KEB Hana Bank and Woori Bank in South Korea are collaborating with Koscom, Samsung Electronics and three leading telcos to develop a blockchain-based system for storing digital identities.

15 July 2019

News/Blockchain

Esma fills in the gaps on the licensing of fintech firms across Europe

The European Securities and Markets Authority (Esma) has found regulatory gaps across EU member states in the licensing regime for crypto-asset related activities and in the governance and risk management processes associated with both cyber security and cloud outsourcing.

15 July 2019

Company update/Blockchain

Findora launches public blockchain for building financial applications

A team of entrepreneurs and academics has unveiled the development of Findora, a cryptographically transparent public blockchain for building financial applications. Findora’s leadership team is comprised of experienced entrepreneurs and Stanford academics, including Charles Lu, Ben Fisch, Benedikt Bünz, and John Powers.

12 July 2019

News/Blockchain

YES Bank brings blockchain efficiency to Indian corporate debt market

India's YES bank has completed a successful issuance of corporate debt using blockchain built by Monetago on R3’s Corda.

11 July 2019

News/Blockchain

Visa invests in crypto custodian Anchorage

Digital asset custody services provider Anchorage has raised $40 million in a Series funding round led by Blockchain Ventures and joined by Visa and Andreessen Horowitz.

10 July 2019

Finextra TV/Blockchain

Uberization in the payments world

Dr. Thomas L. Hager - VP Banking&FM Europe, IBM and Rajesh Venkatraman - Global Head, IBM Payment Solutions, speak at EBADay 2019 in Stockholm about Uberization of commerce and its place in the payments market, the key drivers, the key considerations for corporate banks as they embrace platform-based business models, what corporate banks need to figure out first before moving forward and how IBM is uniquely positioned to help corporate banking clients win in the platform-based economy.

09 July 2019

Company update/Blockchain

Archax to deliver digital asset custody service with Unbound Tech

Archax, the forthcoming London-based, institutional, digital securities exchange, today announced it will be launching its own digital asset custody service in partnership with Unbound Tech, who are backed by forward-thinking strategic investors, including Goldman Sachs and Citi Ventures.

09 July 2019

Finextra TV/Blockchain

Open banking and it's link with identity

Franziska Zangl, Head of Business Development, NDGIT, speaks at Money 20/20 about Open Banking, APIs and PSD2, what lies ahead for banks, what we are finding in the other European markets, who is the most active or furthest advanced, and how banks are talking more and more about the connection points between Open Banking and the bigger societal issues of a consumer’s Personal Data and Identity.

09 July 2019

Finextra TV/Blockchain

Using blockchain in the approach to ISO migration

Clare Rhodes, Chief Marketing Officer, Identitii, speaks at EBADay about the building sense of urgency around ISO 20022 and the 2021 deadline, how banks are responding, the risks if banks aren’t ready for the 2021 deadline, how the industry is responding and the ways banks will likely approach ISO migration.

09 July 2019

Finextra TV/Blockchain

Financial community in need of governess model for blockchain

Daniele Savarè, Innovation & Business Solutions Director, SIA, speaks at EBADay 2019 in Stockholm about the opportunities of PSD2 and Open Banking for digital transformation in the payments industry, how real-time payments and Open Banking will impact the European financial market and the benefits DLT innovation can bring to the banking and payments sector.

08 July 2019

Company update/Blockchain

Blockchain outfit Saga selects FIS tech for treasury unit

Saga, a monetary startup aimed at creating blockchain-based currency designed to bring stability to international exchange, announced today that it has recently selected FIS (NYSE: FIS), a global leader in financial services technology, to deploy its Integrity SaaS solution to manage the Saga treasury unit’s back office and its reserves.

08 July 2019